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dc.contributor.authorMayer, Ericen_US
dc.contributor.authorHülsewig, Oliveren_US
dc.contributor.authorHenzel, Steffenen_US
dc.contributor.authorWollmershäuser, Timoen_US
dc.description.abstractThis paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary contraction.en_US
dc.relation.ispartofseriesWürzburg economic papers 74en_US
dc.subject.keywordPrice puzzleen_US
dc.subject.keywordNew Keynesian modelen_US
dc.subject.keywordcost channelen_US
dc.subject.keywordminimum distance estimationen_US
dc.subject.stwTransmissionsmechanismus , Inflation , Geldpolitik , Schock , Ungleichgewichtstheorie , Theorie , Schätzung , EU-Staatenen_US
dc.titleThe Price Puzzle Revisited : Can the Cost Channel explain a Rise in Inflation after a Monetary Shock?en_US
dc.typeWorking Paperen_US
Appears in Collections:W.E.P. - Würzburg Economic Papers, Lst. f. VWL, Geld u. internat. Wirtschaftsbeziehungen, Universität Würzburg

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